Saturday, February 4, 2017

Mint worker who hid gold in rectum jailed

Leston Lawrence, a former Royal Canadian Mint employee, who stole 22 pieces gold pucks worth over CA$$190,000 by concealing them in his rectum in 2014 and 2015 has been sentenced to 30 months in prison for stealing.

Leston Lawrence

On Thursday, Ontario Court Judge Peter Doody ordered Lawrence to pay a CA$$190,000 fine, he ruled that Lawrence should serve another 30 months in prison if he fails to pay the penalty within three years of his release.

Leston Lawrence was found guilty of stealing the 22 pucks from the mint on Sussex Drive, and of laundering 17 of them through Ottawa Gold Buyers (the cheque for an 18th puck never cleared because that puck was seized by police).

Lawrence was also found guilty of possession of property obtained by crime, conveying gold out of the mint and breach of trust by a public official.

The weight of the 17 laundered pucks ranged from 192 to 264 grams apiece and were sold for between $6,800 and $9,500 each in 2014 and 2015.

In a Feb. 2, 2015 video clip, Lawrence, an operator in the refinery section, can be seen setting off the “arch” metal detector through which all employees must pass when leaving secure areas of the Mint on Sussex Drive.

He is then inspected with a hand-held wand — without any apparent problem — and allowed to leave. Throughout the exchange with security staff, he appears to be in a jovial mood, as though the beeping detector was just a minor nuisance.

The trial heard that Lawrence, in fact, set off the overhead detector more than any other employee at the Mint, save those with metal medical implants. In three months, he set off the sensitive detector 27 times — sometimes with extremely high readings — but always passed the secondary hand-test.

Still, with all those warning signals, the Mint never began an internal investigation into Lawrence’s conduct. (It was only later that the RCMP recovered a jar of vaseline in his locker, as well as latex gloves. The Mint was so convinced the gold was smuggled in the anal cavity that it tested the method — successfully — with a security employee.)

“Mr. Lawrence has had his name and photograph displayed on the internet and in media around the world; this has undoubtedly given him a greater stigma and affected his reputation more than a conviction normally would have, and will make it more difficult for him to get employment in the future,” Doody said.

Investigators found vaseline and latex gloves in the mint employee's locker.

Judge Doody said these items "could have been used to facilitate insertion of gold items inside his rectum", reports the Toronto Star.

He used the money to buy a boat in Florida and build a house in Jamaica, the court heard.

Source: CBC, BBC.
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Thursday, February 2, 2017

Fake RM100 Banknotes Withdrawn From ATM Machines?

Recently, a story about fake RM100 Banknotes withdrawn from ATM Machine went viral via Facebook. Encik Mohd Azwim Kamarulzaman claims that the banknotes he withdrawn via an ATM machine were being rejected by the bank cash deposit machine at Bukit Baru, Melaka.

100 ringgit palsu

According to him, the bank rejected his claim that the fake banknote withdrawn via their ATM machine and he lodged a police report at the Ayer Keroh police station.

When he make a police report, he found out that many similar cases had occurred in Melaka.

From the picture shown by Encik Mohd Azwim Kamarulzaman in his Facebook, the banknote is obviously a fake (please click on the facebook picture above), the printing is not sharp. You can learn more about checking fake counterfeit banknotes here: How to check fake new RM100 notes.

On 31st January Bank Negara Malaysia release a statement via Facebook:

Alleged Fake Banknotes in ATM
counterfeit RM100

When encountering suspected fake banknotes, members of the public are advised to follow the steps as outlined in the attached image.
If you suspect that the banknotes obtained from your financial institution, including from its ATM, are fake, consult the financial institution or Bank Negara Malaysia. We are ready to act on any specific information provided to us.
For further inquiries, members of the public may contact:
ABMConnect at 1-300-88-9980; or Bank Negara Malaysia’s BNMTELELINK at 1-300-88-5465

Steps to take when you received suspected counterfeit banknotes:
Counterfeit banknotes have no value. If you suspect the authenticity of paper money during the transaction, please follow these simple steps:
1. Hold the suspected counterfeit banknotes as minimum as possible.
2. Do not write on, ruin, torn or modify the suspected counterfeit banknotes.
3. Do not re-circulate the suspected counterfeit banknotes.
4. Put the suspected counterfeit banknotes in an envelope or plastic lid.
5. Write down all the details on a separate sheet of how you receive a suspected counterfeit banknotes.
6. Make a police report as soon as possible.

Almost every year since the introduction of the new RM100, BNM need to make a statement about fake RM100, you can read their statement last year, BNM response on fake Rm100 banknotes.

Every year, there is report about fake RM100 banknotes in the news but news about fake RM100 Banknotes withdrawn from ATM Machines are rare. It sound like inside job and hopefully Bank Negara Malaysia can investigate the validity of the story.
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Wednesday, January 18, 2017

Paywave cards safe, media report is not true

Bank Negara Malaysia (BNM) today said recent media postings on electronic pick-pocketing on individuals with contactless cards were not true.

In a statement, it said contactless cards were equipped with safety features that made them a secure mode of payment.

Paywave card

"Since 2005, all payment cards in Malaysia have adopted Europay, Mastercard and Visa (EMV) chip card technology which prevents the cloning of cards.

"Details such as card number and expiry date which can be obtained via a scanner are inadequate for cards to be cloned, be it magnetic stripe cards or EMV chip cards.

"To date, there are no cases of cloned EMV chip cards being reported," it said.

The central bank said contactless cards have an embedded EMV chip with advanced cryptographic security that generated a dynamic code for each transaction.

"This renders contactless cards to be almost impossible to be cloned or counterfeited," it said.

BNM said Malaysia also adopted a stronger authentication method for online card transactions where cardholders are required to enter a transaction authorisation code (TAC) which is sent to their mobile phones or security devices. It said that Malaysian cardholders are protected by the liability shift rules introduced by the international card network.

"In the event card details are misused at an overseas merchant’s website that has yet to implement a stronger authentication method, the said merchant will bear the liability of any fraudulent transaction.

"Cardholders are to notify their issuing bank immediately when their payment card is lost or stolen, if their personal identification number was compromised or noticed unauthorised transactions made using their cards," it added. - 
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Saturday, January 14, 2017

The best CR 1 Ringgit sold for HKD23000 in Spink

The best Malaysia 1 ringgit CR Prefix signed by Ali Abul Hassan sold for HKD23,000 (RM13,235 without buyer premium) in Spink auction; Banknotes, Bonds & Shares and Coins of China and Hong Kong today.

CR Prefix 1 Ringgit

The most sought-after Malaysian banknote labeled by Spink as "The Famous unissued CR Prefix 1 Ringgit in PMG 68EPQ - The only one so far".

1 ringgit CR

Lot: 4438 Malaysia, 1 ringgit, ND (1999), UNISSUED PREFIX serial number CR7204110, blue and multicolour, T.A. Rahman at right, ascending size of serial number, watermark at left,
(Pick 39a), PMG 68EPQ, Superb Gem Uncirculated, the highest grade in the PMG population report and the ONLY ONE given this grade .

The 1 ringgit CR Prefix signed by Ali Abul Hassan sold in Spink broke the record for the most expensive 1 ringgit CR Prefix signed by Ali Abul Hassan sold in auction. In 2013, a RM1 CR Ali Abul sold for SGD2000 in Mavin International Auction 35.

Rumor has it, the banknote was mistakenly released into public circulation. The RM1 were printed and distributed to local banks for circulation. However, for some unknown reason, the local banks were instructed to immediately return the banknotes. Coincidently, one local bank in Bukit Mertajam released the banknotes to the public as the directive from the Bank Negara did not reach them.
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illegal Investment Company under BNM (updated Jan 2017)

On 9 January 2017, Bank Negara Malaysia (BNM) has released a new update for illegal Investment Company which are neither authorised nor approved under the relevant laws and regulations administered by BNM. The list only serves as a guide to members of the public based on information and queries received by BNM. Most of the company in the list are Illegal Foreign Exchange Trading Scheme and Illegal gold investment company. The company/individual listed as illegal because they're not an authorised dealer or has not obtained the permission of the Controller of Foreign Exchange under the Exchange Control Act 1953 (ECA). It is also illegal to trade foreign currency by a resident who is not an authorised dealer, with a person outside Malaysia, or by a resident who has not obtained the permission of the Controller of Foreign Exchange under the ECA.

illegal company

Illegal Investment Company under BNM:
1. 1globalcash
2. (
3. 3Sixty Venture Capital PLC (
4. Ace Global Sales & Services
5. Ace Dimension Network Sdn Bhd.
6. AE Group Holding Pte Ltd ( (201322498-D)
7. Agarwood Venture (002273031-A)
8. Agar Wood Chamber of Commerce Malaysia
9. Ajuwah Realty Sdn Bhd (966604-D)
10. Ajuwah Agencies Sdn Bhd (966604-D)
11. Ajuwah Consultancy
12. Alpari (Asian) Ltd
13. Al-Saliha Worlwide Sdn. Bhd. (628267-M)
14. Amazing Yields Sdn Bhd (891529-V)
15. Amethyst Gold Creation Sdn Bhd (951063-K) (
16. APS Asia Plantation Sdn Bhd (984575-T)
17. Arba Emas Perak (SA0280035-A)
18. Aruna Travel
19. Asas Seroja Sdn Bhd (357014A)
20. Ashnik Holdings (M) Sdn Bhd (1124601D)
21. Ashnik Trading (002369914-W)
22. Asialink Globe Capital (
23. Astral Progress Sdn Bhd (989294-K)
24. AU Niaga Sdn Bhd (907806-W)
25. AU79 International
26. Aurawave Marketing Sdn. Bhd (
27. Axis Capital Corporation Ltd (
28. Aziera Gold Enterprise (NS0133976-K)
29. BFS Markets
30. Binary Indulgence Sdn Bhd (963258-W)
31. Build Rich Mining Group Bhd (1006586-T) (
32. Build Rich Investment Group Ltd
33. Build Rich Group Holding
34. Build Rich Agrotech Berhad
35. Build Rich Enterprise
36. Bumi Klasik Warisan Enterprise
37. Capital Asia Group (M) Sdn Bhd (
38. Cash Deal Sdn Bhd (929192-K) (Boss Venture) (
39. Celik Emas Enterprise (0021517795-K)
40. Changkat Agro Resources (IP 0353991V)
41. CGF Fine Metal Sdn Bhd
42. Classic Worldwide Corporation (M) Sdn Bhd (773082M) ( (
43. CTK Network (
44. CybertrustFX
45. Dana Haji Jasman
46. Danatama Millennium Sdn Bhd (819082-U)
47. Darul Emas Perak Bhd (1053229-X)
48. DBB Star Sdn Bhd (1110055-M)
49. Degold Empire Sdn Bhd (882335-M)
50. Delta Wealth Services (002194713-K)
51. Destiny Resources Services
52. Dgreat Network (
53. Dinar Dirham Global (, (
54. DM Rise Enterprise (PG 0262929-H)
55. DNA Profile Sdn Bhd (245435-W)
56. Dream Success International Sdn Bhd (1002002-P) (
57. Dynamic Wira Marketing Sdn Bhd - Skim Beras 1 Malaysia
58. Dynasty Worldwide Sdn Bhd (800311-D) (
59. Eagle Aeronautics (M) Sdn Bhd (796603-A)
60. East Cape Mining Corp
61. Ecofuturefund (
62. Emgoldex (Emirates Gold Exchange)
63. Empire Five Trading (
64. Energetic Gateway Sdn Bhd (511826-X)
65. Epic Palms Bhd (
66. Everise Fumigation Sdn Bhd (861654-K) (
67. Exorbitance Influence Sdn Bhd (1191499-U) (
68. Exquisite Bottle Index Sdn Bhd (1060843T) (
69. Extra Capital Programme (
70. Ezey Marketing
71. E-Qirad Sdn Bhd (595699-D)
72. FA Markets
73. Family Wealth Resources (SA0310508-M)
74. Fari Group Global Resources (SA0319984-M)
75. FE Brands (M) Sdn Bhd (1000656-H)
76. Flexsy Enterprise & Barrilorne Corp
77. FNZ Capital Limited (
78. Fortrend International Sdn Bhd ( 876619-X)
79. (
80. Future Trade Indojaya Sdn Bhd (1003327-P) (
81. FxUnited Malaysia (myfxunited)
82. FXUnited Power Sdn Bhd (1146795-M) (
83. FXZN Zenith Limited (
84. FXZN Investment Limited
85. FXZN Zenith Management Limited
86. FX Primus Ltd (
87. Gain FX Capital Sdn Bhd (
88. Gan Patt Services
89. Ganding Wawasan Trading (TR0133766-A)
90. GGC Aqualculture Sdn Bhd (1044976P)
91. GGF Golden House Sdn Bhd (803753-W)
92. GGT Golds Sdn Bhd (547290-D)
93. Global Creation Trading
94. Global Golds Trading (JM0518201-W)
95. Global Peace Loving Family (
96. Global Venture Financing (
97. Global Wave Gold Corporation (
98. Gold Bullion World Sdn Bhd (1018604-A) (
99. Gorgeous Chain Sdn Bhd (841928-P)
100. Grand View Golden Success Sdn Bhd (638186-X) - Golden Maximum
101. Great Access Sdn Bhd (517965-X)
102. Green Buck Resources Sdn Bhd (851115-A)
103. Greenmillion Agrosolution Enterprise (
104. Green Forest Global Sdn Bhd (987049-P)
105. HAFX Global Venture Sdn Bhd
106. Harvest Reliance Consultancy Sdn Bhd (965589-W)
107. HEA Teguh
108. Hexa Commerce Sdn Bhd (645798-X)
109. HG Resources Sdn Bhd (HGR) ( ( (
110. HiFX Asia (HiFX)
111. Highway Group Resources ( ( (
112. Hin Huat Auto Sports (TR0005484-X)
113. Holiday Express Asia
114. Honest Group Ltd
115. Hupro International Inc
116. I & A Global Community Network
117. Iconhill Holding Sdn Bhd (810775-P)
118. IGC Diamond
119. Infinity Star International Sdn Bhd (851864-T)
120. Iridian Ventures PLT (LLP0002569-LGN)
121. IronFX Solid Trading
122. Instaforex
123. Instagroup Resources (JM0531870-X)
124. Isothree Gold Sdn Bhd (906561-K)
125. Inter Pasicfic Soyy Enterprise
126. Jalatama Management Sdn Bhd (929594-W) (
127. Jazlaan Enterprise
128. JM Communications & Technology Sdn Bhd (702054-V)
129. JMI Global
130. JTGold
131. Kelab Kebajikan dan Sosial Tun Teja Malaysia (
132. Kelab Kebajikan Sosial Malaysia (VVIP88)
133. Keenan Capital Group
134. Keenan Prestige Services (002095851-P)
135. Keenan Brilliant Services (002021597-V)
136. Khaira Sakinah Resources (CT0018249-R)
137. KL FxUnited Club
138. Kris Plus Enterprise (IP0238424-A)
139. Kudaemas (
140. Lestari2U (
141. Liberty Reserve (
142. Life Time Holidays Sdn Bhd (727129-U)
143. LocalAdClick (
144. (
145. LS Gold Bullion Sdn Bhd (235435-H)
146. Mari Wholesale (M) Sdn Bhd (556117-T)
147. Maxim Capital Ltd (
148. Maza Network Sdn Bhd (1006389-H)
149. McRen Oceanus Sdn Bhd (908484-X)
150. MD Venture Group Sdn Bhd (1058936U)
151. Meccafund Family Malaysia
152. Mecca Fund Global (MFG) ( ( (
153. Mega Dynasty Sdn Bhd (931589-V)
154. Megaherbs Bioextreme (001946380-K)
155. Megah Mewah Trading (SA0295909-A)
156. MGCfx (
157. MGC Capital Sdn Bhd (
158. MGSB Holding Sdn Bhd (
159. MH Secret Wealth Enterprise (NS0122059A)
160. Mi1 Global Sdn Bhd (1145697-X) (
161. Million Jade Sdn Bhd (
162. Miracle Day Trading (JR0047390-V)
163. Mohamad World Enterprise
164. MOP Consultant Sdn. Bhd (101867-W)
165. Mughniwave International Sdn. Bhd. (1163697-W) (
166. MX3 World Wide ((
167. My Cameron Hills Sdn Bhd (984170M)
168. Nexgain Malaysia Sdn Bhd (773854-D)
169. Next Generation Mall
170. Nory Motor (TR0023237-H)
171. Norry Setia Ent (TR0103958-M)
172. NTB Agencies dn Bhd (1039052-M)
173. Ocean Century International Limited (
174. OCI Management Sdn Bhd (1042036X) (
175. OCI Venture Sdn Bhd (1039926H) (
176. ODFX (
177. OLTA Capital Management Inc.
178. One AutoCash (
179. Orion Healthcare Management Services Sdn Bhd
180. Orion Prokasih (M) Sdn Bhd
181. Ostim Academy (002443002-A) (
182. Overseas Delight Sdn Bhd (614245-W) (
183. Pancar Mayang Sdn Bhd (527196-H)
184. Pars Pay Sdn Bhd (813378-V)
185. Pegasus Bullion (
186. Perfway Traders Sdn Bhd (918583-V) (
187.. Perniagaan Jatidana Wawasan (M) Sdn Bhd
188. Perubatan Islam Seiring Syariat Al-Ikhlas
189. Pioneer Forest Sdn Bhd (1069104M) ( (
190. Pok Din Consultance & Services (
191. Pok Din Empire Sdn Bhd (1130978-D) (
192. Power Trade Asia Sdn Bhd (933528-T) (
193. PPC Storm
194. Preferred Credentials Sdn Bhd
195. Premier Ventures Gold
196. Prestige Dairy Farm (M) Berhad (832757-A)
197. Profit Web Sdn Bhd
198. Program 10 Bulan Forex Trading
199. Program I-Rich
200. Pro Infinity Ltd (
201. Projek Duit 2012
202. Provisio Multimedia
203. Public Golden House Sdn Bhd (806825-M)
204. Puncak Hartawan Resources (0000097980-T)
205. Quantum Capital Program ( (
206. Ram Kris Venture (0024165647-K)
207. RCFX
208. RC Group
209. RC Group Sdn Bhd
210. Real Biz Pasif
211. Real Ingenious Sdn Bhd (926598-U) (
212. Rejab Trading (TR0115248-A)
213. Rejabwealth Sdn Bhd (1005424-X)
214. Reza Anuar Seven
215. Retro Titan Sdn Bhd
216. RGCX Trading Corp (
217. Rimbun Tekad Realty Sdn Bhd (966620-V)
218. Rimbun Tekad Consultancy Sdn Bhd (966620-V)
219. Rising Premium Sdn Bhd (285572-P)
221. (
222. RN Corporate Services Sdn Bhd
223. Rowther Technologies MSC Sdn Bhd (727979-T)
224. Royal Gold Sdn Bhd (1005830-X) (
225. Royale Team Groups (
226. RS Capital Holdings Bhd (819833-P)
227. Safeena Gold Gallery (IP0386035-U)
228. Sejati Agarwood Enterprise
229. Sera Land Mangement & Enterprise (JM0503206-P)
230. SGFM Trading Sdn Bhd (936419-V)
231. Slimberry Extreme Team (
232. Solar Bond Capital Sdn Bhd (1157972-A) (
233. Speedline (
234. Srgold Exchange Bhd (1033164-V) (
235. Sri Perkasa Emas Trading
236. Sri Chempaka Emas Enterprise (SA0293336-P)
237. Steady Dynasty Sdn Bhd (782270-H)
238. Steady Global Network Sdn Bhd
239. Suliz Pearl Mines
240. Suisse Coins Sdn Bhd (
241. Sweblink Global Network Sdn Bhd (209952-H)
242. Swiss Capital Venture
243. Syarikat Azza Motor Network Sdn Bhd (104795-P) ( (
244. Syarikat GECS Ltd
245. Syarikat Sri Alam
246. Tabung Dana Ehsan
247. Tanjung Trading (TR0123942-W)
248. Tenaga Setia Services (107239-P)
249. TG Reliance Sdn Bhd (1086255-A)
250. The Gold Guarantee
251. Titan Group Sdn. Bhd (823732-U)
252. TP Eagle Venture Sdn Bhd (114378-M) (
253. Trillion Venture (
254. Triple One Management Pte Ltd (T1FX) (
255. (
256. UER Gold (
258. Ultimate Power Profits (
259. United American Traders Council (
260. Uni Argrow (Cambodia) Co. Ltd ( (
261. Uncang Teguh Resources (0000102116-T)
262. Urustabil Sdn Bhd (545426-X)
263. VC Gold Sdn Bhd (722295-T)
264. Virgin Gold Mining Corporation
265. VenusFX (
266. Verger Management Services
267. Wadiah Trading (
268. Water World Marketing (CA0177161-P)
269. Westrank Equity Sdn Bhd (1046449-A)
270. Windsor Fragrance Sdn Bhd (599208-H)
271. World Dirham Berhad (970807-X)
272. Worldwide Community Programme (
273. WSL Merchants Pte Ltd (
274. Xcelent Job Trading (001971755P)
275. XOC7
276. YDS Corporate Line Sdn Bhd (877697-P) (
277. YDS Holding Groups Bhd (987797-T) (
278. Zenith Gold International Limited (ZGI) ( ( (
279. Zeta Capital Management
280. Zill Akasha Gemilang Enterprise
281. (

How the illegal investment company operate:
1) Illegal operators usually operate on a small scale and claim they can provide remittance services efficiently, without the need for any documents or identification. They rarely use documents to validate and verify the transactions. By engaging in these transactions, customers run the risk of being cheated and their funds may never reach its intended destination.

2) Illegal operators usually target job seekers by placing attractive advertisements to lure prospective employees to join the company, after which they use them to solicit for new investments. Most often, employees will be encouraged to approach their direct family, relatives and friends before targeting members of the public.

3) Illegal operators usually portray a professional and reputable image, a high-tech office layout and advanced IT facilities, such as a LCD screens displaying movements in exchange rates to provide the impression that a legitimate and real business is being conducted. These facilities are merely a false front.

4) Investors can either trade using their trading accounts with the company or through dealers appointed by the company. In some cases, investors are allowed to operate their accounts via the Internet.

5) Investors are also required to sign a business contract which is normally entered between the investors and a principal company overseas.

6) In most instances, the operators will inform the investors that they will have to send these contracts to its principal company overseas for signing. However, such contracts are usually left unsigned.

7) As such, in the event the investors are unhappy with future dealings and transactions, no action can be taken against the company as there is no binding contract between them.

8) Investors will usually get high returns on their initial investments. This will convince them to increase their investments in hopes of higher returns. Eventually, they will end up losing everything when the illegal operators suddenly go missing.

9) Investors who lose their money through purported volatility of exchange rate movements are informed by the illegal operators that they need to pay margin-call in order to recover their paper loss

10) The illegal operators may also encourage investors to increase their investment to try to recover their losses.

You can report directly to Bank Negara Malaysia via the following communication channels:

Call: 1-300-88-5465 (1-300-88-LINK)
Fax: 03-2174 1515
SMS to 15888: BNM TANYA [your report / query]

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